Importance of Bangladesh bank on economical conditions

Although the political situation is unstable due to the 6 percent GDP growth this year will be down to the assessment of the Bangladesh Bank. The opinion of the World Bank and the International Monetary Fund (IMF)’s. Bangladesh Bank says, prudent monetary and other policies – through measures to stabilize the economy and the development of indicators is a timeless work. Laws and regulations in the past five years – Several amendments have been increasing. Despite the ongoing global recession and domestic political unrest in several far-reaching programs and appropriate policies – steps in terms of the overall economy and the banking sector in 2013 countries in a positive way.
Positive changes are most indices of economic relief for the economy and the economy of Bangladesh in the case of the ‘ Resilience ‘ of the indicative. It has been said, the overall trial was 2013 economy. 2013 in the import, export, remittance, foreign exchange reserves increased. 5.74 percent of the GDP growth rate was achieved in the year 2008-09, there were earned in the last 6.03 percent GDP growth in the current.

Due to the current political unrest in the last four- year average growth in the current fiscal year will not be achieved if there is confusion about. The return of peace in society and politics, the economy is expected to big leap. Bangladesh Bank also said, this year (at 2013-14) set a target growth rate of 7 percent to decimal but it may not be achieved. But this year, the growth rate will be less than last year.

Evaluation report, at 2008-09, 969 billion dollars in fiscal remittance came; 1 of last year’s record of $ 446 million remittance. That is an increase of 49 percent over the last four fiscal remittance incomes. The first five months of the current fiscal year, 555 million dollar remittance.

Bangladesh Bank and the various incentives and campaigns have contributed to the stabilization of the price of this success. Due to the growth of remittances and export earnings in January this year, the first $ 13 billion in foreign exchange reserves in December for the first time in the history of the country’s foreign exchange reserves stood at 800 billion dollars.

The amount of the reserve is sufficient for the payment of six months’ worth of imports. In this regard, we are now in India, Singapore, Hong Kong, South Korea, Indonesia and Malaysia, as a member of the Elite Club. Reserve at the end of the fiscal year was 747 million dollars 2008-09. The reserve has increased nearly 14 percent in four years. According to Bangladesh Bank, the cost of imports in the current fiscal year was 2008-09 Twenty billion decimal 51; there have been 33 decimal 97 billion in the last fiscal year, the cost of imports.

That is, the cost of imports has risen 51 percent in the last four year. The has been imported in the first four months of the current fiscal year 1 decimal of a $ 1 billion, which represented 45 to 11 percent higher than the same period of the previous fiscal year. On the other hand, the 2008-09 has a 15-point 65 billion in export income in the current fiscal, there has been recorded in the last fiscal year, a total of 7 decimal 03 billion in export revenues. That is, in the last four fiscal Export revenues increased 7 percent to decimal 7.

Export revenues for the first five months of the current fiscal year to $ 11 billion decimal 96, which is the same period of the previous fiscal year more than 18 percent of the decimal 0. Bangladesh Bank also said, inflation is now the short side. Inflation rates have decreased consistently. 2011-12 at the end of the fiscal year, the average annual and point – to – point inflation rate was respectively 10 and 8 decimal 56 decimal 6 percent , much of it in the last fiscal year, reduced by 2012 -13, 7 decimal 70 and 7 , respectively, 97 percent stands . At the end of November, more than the current fiscal year has fallen 15 percent, respectively 7 decimal 51.

According to Bangladesh Bank, agriculture, SME and banking sectors of the economy due to better maintain the comfort of the painful position. Basel capital adequacy of banks – is at its full implementation. Basel – 10 per cent of assets under capital 9.14 percent last September, capital reserve requirements of banks to contrast.

The national goal of achieving inclusive growth in the country’s financial bring banking services to the community of financial inclusion or inclusions Financial has been strengthened. At the same time encouraging the banking sector in financing social induced poverty, social safety nets, food security, agriculture, SME and industrial sectors availability of financing humanitarian initiative of Bangladesh Bank took nearly five years is assumed.